Legal Question in Banking Law in India
My property is with the bank against the loan to the firm. i m a guarnter & silent director in the firm.how i can take my guarantee & property back.
Asked on 4/21/11, 2:04 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
whether you are an active or silent director, it does not make any difference for the guarantee you have given to the Bank for the loan to the company of which u r the director. You cannot escape liability due from the co. to the Bank. Have a proper settlement with the Bank, pay its dues and have your property released.
Answered on 4/23/11, 5:36 am
Related Questions & Answers
-
FAther had HUF account and PPF account, he expired in 1996. All bank accounts in HUF... Asked 4/21/11, 1:19 am in India Banking Law
-
We are enjoying working capital limit amount of Rs50.00 lakhs. The firm is... Asked 4/19/11, 9:14 am in India Banking Law
-
Property in husband and wife name, husband dies , staff loan in husbands name... Asked 4/18/11, 10:46 am in India Banking Law
-
Once I gave a personal guarantee to our Company for securing the cc Limits from a... Asked 4/17/11, 7:06 am in India Banking Law
-
Can the property of a guarnator be attached which was not mortgaged Asked 4/17/11, 3:18 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
